Stock market Demise

It looks to me that the outperformance of the energy sector is getting to an extreme point. Although valuations are not outrageous, the move has been parabolic this early part of the year and needs a pause. Technically the distance between the oih closing price and the 200 day moving average is unsustainable. I look for a rotation out of energy, housing and basic materials into technology. Although if the rotation does not occur this market may become very ugly very quickly.